/ world today news/ The economic war against Russia is not the first day and it started long before the World War II. The West could not come to terms with the presence of our country in the world. Stanislav Mitrahovich, the leading expert of the Fund for National Energy Security, told Tsargrad how this happens.
Yuri Pronko: Stanislav, I know you as the best specialist in your field. Can you calmly, understanding the whole essence of what is happening, explain to our viewers in an accessible language what kind of “pig” the Central Bank is cooking for them?
Stanislav Mitrachovich: A full-fledged economic war is being waged against us. That is, there will be consequences. You have correctly compared the Russian Central Bank to the US Federal Reserve. The Fed has a so-called “dual mandate” in which it is responsible for, among other things, the unemployment rate. I would like to know how our authorities will adapt to unemployment if it increases. This will be our sore topic for the 23rd year. So far, of what our Western adversaries in the economic war expected, nothing terrible has happened.
That is, the International Energy Agency and other high-ranking structures promised us back in the spring of 22 that oil production in Russia would drop by a third. They first said this in March in relation to April, then in relation to May.
And nothing like that happened – the maximum drop was 8%. It is now believed that following the introduction of the European embargo on Russian oil imports by sea, we are likely to see a decline in the coming weeks or months. But it doesn’t seem critical.
It should be understood that this marginal price mechanism will be gradually tightened. And what they have now pulled us there – 60 dollars per barrel – they are yet to bring it down. Therefore, we should not sit and think about what will happen, but make concrete decisions to reduce the risks.
– What will they be? How to neutralize a possible problem?
– S.M.: First of all, we need to think about the new logistics for the delivery of oil to the sales markets that we are now opening for ourselves in China, India and the Middle East. We need to build our own infrastructure to export oil. We need our own Russian transport companies. Buy tankers, negotiate with partners… We need our own insurance companies. It was never clear to me why apartment flood insurance from a neighbor above is a normal kind of business, and oil transportation insurance drags us into some dark past.
– By the way, this is for Nabiulina. After all, the insurance market is its subordinate area. She is personally responsible for this industry.
– S.M.: After that, of course, shipbuilding. Here, unlike insurance and transport, the investment cycle is longer, but this should also be taken into account. Without our own courts, we will have difficulties.
Then we will have to negotiate so that the countries that buy our oil will allow tankers to pass through their straits and canals and accept our insurance. This is a matter of agreement between Moscow and Ankara, Moscow and Cairo, etc. It’s also a lot of work to do. Because in a few months it will turn out that Russian oil will be 40 dollars and we will have to make decisions.
Translation: ES
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